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CTS CTS

CTS Corp is a designer and manufacturer of electronic components, actuators and sensors. It also provides services to OEMs in the automotive, communications, medical, defense and aerospace, industrial and computer markets. The company was founded in 1896 and is headquartered in Lisle, IL.

Company profile

Ticker
CTS
Exchange
NYSE
Website
www.ctscorp.com/
CEO
Kieran O'Sullivan
Employees
Incorporated
Indiana
Location
Illinois
Fiscal year end
Dec 31
Sector
Manufacturing > Bare Printed Circuit Board Manufacturing
Industry (SIC)
Printed Circuit Boards
Flex • Jabil • Sanmina • TTM • Benchmark Electronics • Plexus • Kimball Electronics • Key Tronic • Sigmatron International • SMTC ...
SEC CIK
0000026058
Corporate docs
IRS number
350225010

CTS stock data

(
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News

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CTS: Q4 Earnings Insights
9 Feb 21
Shares of CTS (NYSE:CTS) decreased 0.2% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share rose 16.22% year over year to $0.43, which beat the estimate of $0.34.
CTS Q4 Adj. EPS $0.43 Beats $0.34 Estimate, Sales $123.02M Beat $117.02M Estimate
9 Feb 21
CTS (NYSE:CTS) reported quarterly earnings of $0.43 per share which beat the analyst consensus estimate of $0.34 by 26.47 percent. This is a 16.22 percent increase over earnings of $0.37 per share from the same period
Earnings Scheduled For February 9, 2021
9 Feb 21
Companies Reporting Before The Bell • Camtek (NASDAQ:CAMT) is projected to report quarterly earnings at $0.19 per share on revenue of $43.07 million.
Earnings Outlook for CTS
8 Feb 21

Press releases

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CTS Corporation Announces Dates for First Quarter 2021 Earnings Release and Conference Call
16 Apr 21
LISLE, Ill., April 16, 2021 (GLOBE NEWSWIRE) -- CTS Corporation (NYSE:CTS) will release earnings for the first quarter 2021 at approximately 8:00 a.m. (ET) on Thursday, April 29, 2021. A conference call to discuss
CTS to Present at the Sidoti Virtual Investor Conference
15 Mar 21
LISLE, Ill., March 15, 2021 (GLOBE NEWSWIRE) -- CTS Corporation (NYSE:CTS) will be presenting at the Sidoti Virtual Investor Conference on March 24, 2021 at 3:15 p.m. (EDT). You may access a live webcast of the virtual
CTS Corporation Announces Appointment of Donna M. Costello to its Board of Directors
12 Feb 21
LISLE, Ill., Feb. 12, 2021 (GLOBE NEWSWIRE) -- CTS Corporation (NYSE:CTS) today announced that Donna M. Costello has been appointed to its board of directors, effective February 11, 2021. Ms. Costello is the former
CTS Corporation Declares a Dividend
11 Feb 21
CTS Corp. to Host Earnings Call
9 Feb 21

Calendar

25 Feb 21
18 Apr 21
31 Dec 21

Financial summary

Financial statements Chart CTS financial data
Quarter (USD)
 Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
 Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from CTS earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 91.77M 91.77M 91.77M 91.77M 91.77M 91.77M
Cash burn (monthly) 13.32M 705.67K (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 48.05M 2.54M n/a n/a n/a n/a
Cash remaining 43.73M 89.23M n/a n/a n/a n/a
Runway (months of cash) 3.3 126.4 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Recent insider trades

CTS insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
11 Feb 21 Costello Donna Common Stock Grant Aquire A No No 32.77 3,300 108.14K 3,300
11 Feb 21 Ashish Agrawal Common Stock Grant Aquire A No No 0 11,216 0 154,281
11 Feb 21 Ashish Agrawal Common Stock Grant Aquire A No No 0 6,938 0 154,442
11 Feb 21 O'sullivan Kieran M Common Stock Grant Aquire A No No 0 31,369 0 535,649
11 Feb 21 O'sullivan Kieran M Common Stock Grant Aquire A No No 0 22,068 0 536,100
Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q4 2020

CTS institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

94.2% owned by funds/institutions
13F holders
 Current Prev Q Change
Total holders 142 128 +10.9%
Opened positions 25 12 +108.3%
Closed positions 11 14 -21.4%
Increased positions 39 39 –
Reduced positions 54 51 +5.9%
13F shares
 Current Prev Q Change
Total value 1.05B 663.02M +57.7%
Total shares 30.48M 30.08M +1.3%
Total puts 12.2K 14.3K -14.7%
Total calls 1.8K 700 +157.1%
Total put/call ratio 6.8 20.4 -66.8%
Largest owners
 Shares Value Change
BLK Blackrock 5.04M $172.94M +5.4%
TROW T. Rowe Price 3.63M $124.5M +2.5%
Wellington Management 2.89M $99.34M -2.7%
Vanguard 2.06M $70.62M +3.3%
GBL Gamco Investors 1.68M $57.66M -2.2%
Dimensional Fund Advisors 1.62M $55.72M -4.6%
GS Goldman Sachs 1.29M $44.14M +1.2%
NTRS Northern Trust 1.16M $39.81M -5.5%
ArrowMark Colorado 1.11M $38.06M -2.8%
STT State Street 991.83K $34.09M -0.6%
Largest transactions
 Shares Bought/sold Change
Norges Bank 436.1K +436.1K NEW
IVZ Invesco 490.84K +349.8K +248.0%
BLK Blackrock 5.04M +257.66K +5.4%
Assenagon Asset Management 0 -171.5K EXIT
BMO Bank of Montreal 10.96K -103.36K -90.4%
Royce & Associates 310.21K +100.46K +47.9%
Renaissance Technologies 228.7K -93.1K -28.9%
MS Morgan Stanley 175.4K +88.84K +102.6%
TROW T. Rowe Price 3.63M +88.8K +2.5%
Millennium Management 52.9K -81.47K -60.6%
Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

?
Competition
Littelfuse • Stoneridge
Content analysis
?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
New words: AB, absenteeism, adhere, assigned, attestation, breach, burden, closure, complementary, concession, conference, confidence, Costello, CostelloDirector, curtail, daily, deferral, discrimination, Disease, distancing, Donna, drove, duration, ease, encouraging, enforceable, extraordinary, Facilitation, frozen, GDPR, half, honesty, inclusive, increasingly, Jane, Li, lifetime, media, modification, NaN, nominating, optimizing, outlined, overlap, pandemic, personal, platform, preliminary, priority, privacy, proceed, put, realignment, recommended, reimplemented, relief, remote, sanitizing, Scientific, SSI, stopping, strive, Subtopic, successor, talent, transmission, unethical, unlawful, unpredictable, valuable, Warehouse, weak, wholly
Removed: accelerate, Accountant, adequacy, affiliate, age, apparel, assertion, Assistant, attained, attainment, bad, Bath, beauty, began, Beneficial, Body, Canada, classification, commencing, Counsel, discrete, distribution, doubtful, employ, enable, enterprise, equal, estimation, exercisable, forecast, fragrance, Francisco, Frequency, home, Hopkinton, indefinite, India, intimate, Jr, liquidated, Machado, mandatory, metric, Mine, Noliac, offered, opening, optionee, Ownership, Piezo, Pink, predict, retailer, RF, Secret, Secretary, settle, Supplementary, territorial, trailing, unfavorably, Unresolved, vacant, Victoria, Wm, worldwide, Wrigley
From filing 10-K 2020 FY

Financial reports

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10-K
2020 FY
Annual report
25 Feb 21
10-Q
2020 Q3
Quarterly report
29 Oct 20
10-Q
2020 Q2
Quarterly report
31 Jul 20
10-Q
2020 Q1
Quarterly report
24 Apr 20
10-K
2019 FY
Annual report
20 Feb 20
10-Q
2019 Q3
Quarterly report
24 Oct 19
10-Q
2019 Q2
Quarterly report
25 Jul 19
10-Q
2019 Q1
Quarterly report
25 Apr 19
10-K
2018 FY
Annual report
22 Feb 19
10-Q
2018 Q3
Quarterly report
25 Oct 18

Current reports

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8-K
CTS Corporation Announces Appointment of Donna M. Costello
12 Feb 21
8-K
February 2021 Investor Presentation
9 Feb 21
8-K
CTS Announces Fourth Quarter and Full Year 2020 Results
9 Feb 21
8-K
Departure of Directors or Certain Officers
17 Dec 20
8-K
October 2020 Investor Presentation
29 Oct 20
8-K
CTS Announces Third Quarter 2020 Results
29 Oct 20
8-K
Investor Presentation July 2020
31 Jul 20
8-K
CTS Announces Second Quarter 2020 Results
31 Jul 20
8-K
Departure of Directors or Certain Officers
2 Jul 20
8-K
Submission of Matters to a Vote of Security Holders
15 May 20

Registration and prospectus

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S-8
Registration of securities for employees
26 Jul 18
S-8
Registration of securities for employees
18 Aug 14
S-8
Registration of securities for employees
27 May 09
POS AM
Prospectus update (post-effective amendment)
19 Jul 07
POS AM
Prospectus update (post-effective amendment)
19 Jul 07
POS AM
Prospectus update (post-effective amendment)
8 May 07
424B3
Prospectus supplement
14 Feb 05
425
Business combination disclosure
30 Jan 05
425
Business combination disclosure
30 Jan 05
424B3
Prospectus supplement
26 Jan 05

Proxies

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DEFA14A
Additional proxy soliciting materials
1 Apr 21
DEF 14A
Definitive proxy
1 Apr 21
DEFA14A
Additional proxy soliciting materials
2 Apr 20
DEF 14A
Definitive proxy
2 Apr 20
PRE 14A
Preliminary proxy
19 Mar 20
DEFA14A
Additional proxy soliciting materials
4 Apr 19
DEF 14A
Definitive proxy
4 Apr 19
DEF 14A
Definitive proxy
4 Apr 18
DEF 14A
Definitive proxy
4 Apr 17
DEF 14A
Definitive proxy
6 Apr 16

Other

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SD
Conflict minerals disclosure
15 May 20
SD
Conflict minerals disclosure
20 May 19
SD
Conflict minerals disclosure
18 May 18
SD
Conflict minerals disclosure
22 May 17
SD
Conflict minerals disclosure
24 May 16
UPLOAD
Letter from SEC
23 Feb 16
CORRESP
Correspondence with SEC
7 Feb 16
UPLOAD
Letter from SEC
26 Jan 16
CORRESP
Correspondence with SEC
10 Jan 16
CORRESP
Correspondence with SEC
17 Dec 15

Ownership

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SC 13D/A
CTS / GAMCO INVESTORS, INC. ET AL ownership change
23 Mar 21
4
CTS / KIERAN M O'SULLIVAN ownership change
16 Feb 21
4
CTS / Ashish Agrawal ownership change
16 Feb 21
4
CTS / Donna Costello ownership change
16 Feb 21
3
CTS / Donna Costello ownership change
16 Feb 21
SC 13G/A
CTS / PRICE T ROWE ASSOCIATES ownership change
16 Feb 21
3
CTS / Scott D'Angelo ownership change
15 Feb 21
4
CTS / Scott D'Angelo ownership change
15 Feb 21
SC 13G/A
CTS / DIMENSIONAL FUND ADVISORS ownership change
12 Feb 21
SC 13G/A
CTS / VANGUARD ownership change
10 Feb 21

Patents

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APP
Utility
Radio Frequency State Variable Measurement System and Method
8 Apr 21
A measurement system and method of conducting cavity resonance and waveguide measurements is disclosed.
GRANT
Utility
Advanced radio frequency sensing probe
12 Jan 21
A radio-frequency probe system with a transmitting or receiving element integrated into a cable assembly is disclosed.
APP
Utility
Vehicle Brake Pedal with Pedal Resistance Assembly and Force/Position Sensor
11 Nov 20
A brake pedal assembly comprising a pedal and a pedal resistance force member operably coupled to the pedal.
APP
Utility
Radio Frequency State Variable Measurement System and Method
21 Oct 20
A measurement system and method of conducting cavity resonance and waveguide measurements is disclosed.
GRANT
Utility
Radio frequency process sensing, control, and diagnostics network and system
12 Oct 20
A radio frequency sensing, control, and particulate matter diagnostics network and system and method and, more specifically, a radio frequency particulate filter diagnostics system comprising a housing including an inlet connected to a source of particulate matter, a particulate filter in the housing and adapted for filtering the particulate matter, and a radio frequency sensor adapted to detect conditions of abnormal particulate filter or system operation and including at least one radio frequency probe configured to be in contact with the housing for the particulate filter housing and adapted to receive radio frequency signals and a radio frequency control unit in communication with the radio frequency probe.

Transcripts

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2020 Q4
Earnings call transcript
9 Feb 21
2020 Q3
Earnings call transcript
31 Oct 20
2020 Q2
Earnings call transcript
31 Jul 20
2020 Q1
Earnings call transcript
23 Apr 20
2019 Q4
Earnings call transcript
4 Feb 20
2019 Q3
Earnings call transcript
24 Oct 19
2019 Q2
Earnings call transcript
26 Jul 19
2019 Q1
Earnings call transcript
28 Apr 19
2018 Q4
Earnings call transcript
5 Feb 19
2018 Q3
Earnings call transcript
25 Oct 18

Reddit threads

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